The Pension Specialists Data Breach Class Action

At Console & Associates, our data breach lawyers are closely examining the recent The Pension Specialists data breach. This data breach was disclosed following a cyber security incident at The Pension Specialists, which has affected as many as 71,443 individuals, potentially exposing sensitive personal identifiable information.

What Happened?

A recent report from the Maine Attorney General's office states that The Pension Specialists experienced a network disruption on February 24, 2024. Upon discovering the security incident, the company initiated an investigation with assistance from cybersecurity experts.

The investigation revealed unauthorized access to the company's network between February 18, 2024, and February 20, 2024, during which certain files containing confidential information were compromised. After a comprehensive review completed on December 16, 2024, the company identified the scope of affected individuals and compromised data.

Data breach letters were sent out by The Pension Specialists on February 14, 2025, informing affected individuals about the nature of the incident and compromised data.

Steps To Take If You Were Affected By A Data Breach

1. Monitor all accounts and credit reports closely
   1. Set up alerts for suspicious activity
   2. Review all financial statements thoroughly
   3. Request free credit reports and examine them for unauthorized entries
      
      
2. Consider freezing your credit
   1. Contact all three major credit bureaus to place a freeze
   2. Understand this prevents new accounts from being opened in your name
   3. Remember to temporarily lift the freeze when applying for legitimate credit
      
      
3. Look out for phishing attempts using information from the The Pension Specialists data breach
   1. Be wary of unexpected emails or messages claiming to be from The Pension Specialists
   2. Don't click on suspicious links or download unexpected attachments
   3. Verify all communications through official channels
      
      
4. Change passwords for affected accounts
   1. Create strong, unique passwords for each account
   2. Use a combination of letters, numbers, and special characters
   3. Consider using a password manager for better security
      
      
5. Enable two-factor authentication where possible
   1. Add this extra layer of security to all important accounts
   2. Use authenticator apps rather than SMS when available
   3. Keep backup codes in a secure location

For more detailed guidance, explore our “Guide for Victims of a Data Breach” to better understand measures you can take to protect yourself after a data breach.

The Pension Specialists Overview

Based in Peoria, Illinois, The Pension Specialists Ltd. provides retirement plan administration and consulting services. The company focuses on 401(k) plan administration, pension consulting, and regulatory compliance management for businesses and individuals. With a workforce of 25 employees and annual revenue of $6 million, The Pension Specialists handles retirement plan administration, compliance oversight, and fiduciary services for its client base.

The Pension Specialists Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the The Pension Specialists data breach? Usually victims receive a NOTICE OF DATA BREACH in the mail, but the impact of a breach can be felt long before notices are sent to those affected. This can be in the form of fraudulent financial activity and other forms of identity theft.

If you believe you were affected, we encourage you to reach out to our data breach law firm for legal assistance through a no-cost consultation about your situation. We will review your eligibility to file a data breach class action lawsuit and discuss your legal rights and any compensation that may be available to you.

Complete our confidential contact form below and a member of our legal team will be in touch.